Eyeing Gold Mine in Uzbekistan, Chinese Consortium Invest in AIM Quoted Oxus
Under the terms of the Financing, members of the Concert Party will make an investment in Oxus of approximately US$85 million by way of the issue of new Ordinary Shares in the company and convertible loan notes. In addition, members of the Concert Party will be granted warrants to subscribe for new Ordinary Shares in the company exercisable within five years of Admission for approximately US$20 million in return for an undertaking to arrange a further minimum of $80 million in project finance.
Government Involves Itself in SOE Fuel Derivative Defaults
"To defend the security of state-owned assets, SASAC is undertaking investigation of oil structural option transactions, and it supports enterprises to resort to legal means, minimize losses and protect their interests through negotiations, consultations, and position management, and retain the rights to take further legal action."
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